Question

What will be the entry for a milk men on buying a cow in book of accounts ?

Answer 1

Answer:

Cattle a/c Dr.

To cash a/c

Explanation:

Bcoz cow is an asset for the milkman.

Answer 2

Answer:If it is in journal entries that you have to write

cash a/c dr

to milkman a/c cre

and if it is the books of accounts then you have to write

milk in asset a/c

and cash in credit of trading account

Explanation: